WILLIAMS OVERMAN PIERCE ACCOUNTING NEWS

Strengthening Workers’ Financial Wellness After the Pandemic

Even before the COVID-19 pandemic, employers were becoming increasingly focused on helping their workforces prepare for retirement and address other areas of financial wellness. Unfortunately, the pandemic heightened the pressures that many workers face in multiple...

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Top Considerations for the Nonprofit Sector, Part One

By Divya Gadre Since navigating the headwinds of the past year, nonprofit organizations have reimagined their operations to maintain relationships with donors, volunteers and the communities they serve while discovering new means to protect mission funding. Even so,...

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2021 State & Local Tax Year-End Issues To Consider Now

State and local governments are revisiting taxpayer compliance with nexus rules and other tax policies, considering new taxes on digital services and reconsidering conformity with federal tax rules and legislation in an effort to rebuild their economies. The following...

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Summer 2021 Non-Profit Newsletter

In this issue: The Uniform Guidance - Some Ongoing Pitfalls Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) Triaging Data Breaches What Higher Education Institutions Need to Know About Tuition Discounting Pulse Check: Is It Time to Update Your Spending...

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Pension Relief Offered by the American Rescue Plan Act

In an effort to help the nation recover from the COVID-19 pandemic and related economic crisis, President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) on March 11, 2021. The law includes stimulus checks, state and local government aid...

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COVID-19 Implications for Workers’ Compensation

This article is current as of June 9, 2021 Most state workers’ compensation (WC) laws clearly state that a disease to which the general population is exposed is exempt from WC. On the surface, this exemption appears to limit the impact of COVID-19 on WC coverage. Many...

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U.S. Supreme Court Rules Against Latest ACA Challenge

In a highly anticipated decision, the U.S. Supreme Court on June 17 ruled by a 7-2 vote that the plaintiffs in the latest challenge to the Affordable Care Act (ACA) lacked standing to bring the lawsuit. The decision marks the third failed attempt to repeal the ACA...

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The Post-COVID Urban Revival: What’s Next for Big Cities?

Today, more than four out of five people in the United States live in cities and urban areas. Over the country’s long history of urbanization, cities like New York, San Francisco and Chicago swelled not only in population, but also in their prominence as American...

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Financial Literacy For the Rising Generation and Beyond

It is very common for families of affluence to have competent professional advisors to help them manage their investments, their legal affairs, and their business operations. If a family member is not planning on a career as the Chief Executive Officer or Chief...

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IRS Provides Safe Harbor for PPP Loan Deductions

The IRS and the Treasury Department on April 22 released guidance that provides a safe harbor for businesses that received Paycheck Protection Program (PPP) loans in the first round of relief but did not deduct otherwise eligible business expenses because they relied...

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Spring 2021 Non-Profit Newsletter

In this issue: IRS Issues Final Regulations on UBTI "Silos" Provider Relief Funds - Reporting and Audit Spotlight on Higher Education - Higher Education Emergency Relief Fund II Presentation of COVID-19 Related Federal Programs on the Schedule of Expenditures of...

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Top Five PPP FAQs

The Paycheck Protection Program (PPP) loan process has become increasingly complicated as new guidance and enhancements to the program have been announced. Not only does the guidance continue to change but some of the provisions have retroactive application, such as...

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Is Your Nonprofit Prepared for a Cyberattack?

By Ric Opal “With COVID-19, we have gone through two years’ worth of digital transformation in two months” — Satya Nadella, CEO of Microsoft At the height of COVID-19, nonprofit organizations were forced to postpone or cancel events, transition their staff to work...

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